'Inevitable' rate cut But it wasn't all doom and gloom. On Tuesday, financial markets priced in a 100% chance of a Bank of England interest rate cut from 4.5% to 4.25% on 8 May.

First, we recap the latest news on rates - before ... Britain a destination for cheaper goods from Asia and Europe. This could allow the Bank to ease monetary policy. Mirroring the expected BoE ...